Corn and wheat continue lower on profit taking, despite tensions in the Black Sea. Soybeans are off lows with higher bean oil and watching weather, but Nov needs to hold $14. Cattle 2-sided seeing profit taking ahead of reports and despite higher cash again today. Hogs also consolidate. DuWayne Bosse, Bolt Marketing has more.
Corn and Wheat See Profit Taking, Soybean Off Lows Watching Weather, BO: Cattle 2-Sided Despite Higher Cash, Await Reports
Corn & wheat lower on profit taking, Soybeans off lows with higher BO, watching weather. Cattle 2-sided w/profit taking pre-reports and despite higher cash. Hogs consolidate. DuWayne Bosse, Bolt Marketing has more.
Related Stories
Mark Schultz of Northstar Commodity, says the corn market may be running out of sellers as the funds have liquidated a big chunk of their long position. However, it is too early to call a bottom with corn harvest still underway.
Greg McBride of Allendale says corn and soybean futures are trying to bounce as they are oversold, the key is what will it take to bottom the markets?
Randy Martinson of Martinson Ag says soybeans are trying to bounce early Tuesday with talk of China looking for more soybeans and a stabilization of the real.
Read Next
Two accidents. Two recoveries. Two back braces hanging on an office wall. And one lesson a California dairy nutritionist learned the hard way: “Professionally, we’re all replaceable. But family? That’s different.”
Commodity Market Futures
Futures prices on grains, livestock, oil and more

Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.

Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
